614 Esquimalt Rd
$2,799,999
James Bay
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About this home
LOFT 614 | WEST BAY · VICTORIA WEST – 11-unit income-producing apartment building offered at $2.8M in an exceptional Victoria West location near West Bay and the harbour waterfront. Suite mix includes 9 one-bedroom apartments approx. 600 SF each + 2 two-bedroom apartments approx. 750 SF each. Currently 9 occupied, 1 vacant and 1 under renovation, creating immediate lease-up and income-growth potential. 2025 reported NOI approx. $110,003, representing a 3.93% cap rate. Based on supplied scheduled rents and tax-adjusted expenses, illustrative full occupancy produces approx. $134,655 NOI / 4.81% cap. Approx. 7,446 SF building with 12 parking spaces reported, shared laundry, lockers and bike storage. LI-1 zoning with site-specific residential permission for 614 Esquimalt if constructed before Jan. 1, 1975. Income today. Upside tomorrow. Own a piece of Victoria West. Buyer to verify all information. Due diligence package available. (id:65179)
Property details
From the listing's public record.
Lot size
12,820 square feet
Year built
1969
Taxes
$13,531/yr
Zoning
Unknown
View
Heating
Lot
Security
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Oct 2, 2026
Listed $2,799,999
Active21 days on marketMLS 1051464
How this listing compares
Based on 16 sales in VictoriaMedian sold
$1,240,000
Avg days on market
53 days
Avg sale-to-list
97.7%
Avg $/sqft
$370
Current market in Victoria
Active (same type)
27
Pending
1
All active listings
600
Months of supply
20.2
Buyer's market — 20.2 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$2,380,000
Homes in Victoria sell at 115.9% of assessed value on average.
Based on 16 recent sales.
Local price trend
How James Bay has moved over the last decade.
Local price index (normalized) · 6 months
Recent nearby sales
9 sales1011 Amphion St
$1,225,000
3 bd · 4 ba · 2,953 sqft · $415/sqft · 18 days on market
Sold Aug 14, 2026 · 96.1% of list
143 Government St
$1,500,000
4 bd · 8 ba · 4,463 sqft · $336/sqft · 74 days on market
Sold Aug 5, 2026 · 95.2% of list
1913 Duchess St
$1,255,000
6 bd · 5 ba · 3,668 sqft · $342/sqft · 45 days on market
Sold Aug 4, 2026 · 98.1% of list
1141 Fort St
$1,685,000
4 bd · 4 ba · 4,358 sqft · $387/sqft · 35 days on market
Sold Jul 31, 2026 · 98% of list
1950 Granite St
$1,025,000
4 bd · 3 ba · 3,456 sqft · $297/sqft · 34 days on market
Sold Jul 3, 2026 · 93.3% of list
1454/1456 Begbie St
$1,450,000
5 bd · 3 ba · 2,759 sqft · $526/sqft · 11 days on market
Sold Jun 29, 2026 · 97% of list
1909 Fernwood Rd
$1,318,500
7 bd · 4 ba · 4,222 sqft · $312/sqft · 10 days on market
Sold Jun 25, 2026 · 102.4% of list
402 Dallas Rd
$2,100,000
7 bd · 4 ba · 4,635 sqft · $453/sqft · 22 days on market
Sold Jun 19, 2026 · 95.7% of list
1015 Empress Ave
$1,222,500
6 bd · 3 ba · 3,470 sqft · $352/sqft · 80 days on market
Sold May 29, 2026 · 94.1% of list
What would this home cost?
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Monthly mortgage
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Loan amount
$2,799,999 − $560,000
Down payment
20.0%
Property Transfer Tax
Legal / closing (est.)
Cash to close
$623,500
Down payment + PTT + GST + legal estimate.
Estimates only, based on current BC rates and thresholds. Not tax, legal, or financial advice. Property transfer tax exemptions have eligibility requirements — confirm with a lawyer or notary. GST rebates on new construction are not modelled here. Mortgage payment uses Canadian semi-annual compounding and excludes property tax, home insurance, and CMHC mortgage insurance.
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Listed by Coldwell Banker Universe Realty